The Ministry of Agriculture reports that China's agricultural imports surged to $61.2 billion in the first half of 2017, while agricultural exports were $34.9 billion. The value of imports was 14.5 percent ahead of the same period last year, and exports were up 3 percent. Oilseeds were the largest agricultural import category, valued at $20.8 billion in H1 2017. China also imported $2.7 billion in edible oils. Oilseed and edible oil imports were both up more than 26 percent from last year. Livestock imports were $12.4 billion, up 6.5 percent from a year ago. China has trade surpluses in aquatic products and vegetables. (The statistics do not report a number of processed foods, beverages, and live animals.)
Grain imports were valued at $3.3 billion in H1 2017, and totaled 13.7 million metric tons. Wheat and barley imports were up sharply, but corn and sorghum imports plunged. The volume of rice imports was up 6.5 percent to 2.1 mmt.
Imports of distillers dried grains--hit with antidumping duties imposed by China--sank 77 percent from a year ago. Cassava imports fell 6.5 percent.
China imported 769,000 metric tons of cotton and 1.7 million metric tons of cotton yarn. Sugar imports were up 5.9 percent.
The volume of soybean imports was up 16.2 percent to 44.8 mmt during H1 2017. Rapeseed imports totaled 2.6 mmt, and rose 32 percent from last year. Palm oil, rapeseed oil, and soybean oil imports were up sharply, but sunflower seed oil imports dropped.
Pork imports declined as domestic pork prices fell this year to levels substantially lower than record-highs reached in 2016. Beef, lamb, and milk powder imports were up in H1 2017.
| China agricultural imports and exports, January-June 2017 | ||||
| Category | Imports | y-o-y change | Exports | y-o-y change |
| Bil. $ | percent | Bil. $ | percent | |
| Agricultural products | 61.22 | 14.5 | 34.92 | 3 |
| Cereal grains | 3.29 | -2.8 | 0.36 | 74.1 |
| Cotton | 1.29 | 56.1 | -- | |
| Sugar | 0.7 | 43.2 | -- | |
| Oilseeds | 20.83 | 26.2 | 0.85 | 16.3 |
| Edible oils | 2.72 | 26.8 | 0.1 | 47.8 |
| Livestock | 12.38 | 6.5 | 2.93 | 11.3 |
| Aquatic products | 5.1 | 18.7 | 9.83 | 2.1 |
| Vegetables | 0.26 | 6.1 | 7.28 | 7.3 |
| Fruit | 3.38 | -0.3 | 2.71 | -6.3 |
Grain imports were valued at $3.3 billion in H1 2017, and totaled 13.7 million metric tons. Wheat and barley imports were up sharply, but corn and sorghum imports plunged. The volume of rice imports was up 6.5 percent to 2.1 mmt.
Imports of distillers dried grains--hit with antidumping duties imposed by China--sank 77 percent from a year ago. Cassava imports fell 6.5 percent.
China imported 769,000 metric tons of cotton and 1.7 million metric tons of cotton yarn. Sugar imports were up 5.9 percent.
The volume of soybean imports was up 16.2 percent to 44.8 mmt during H1 2017. Rapeseed imports totaled 2.6 mmt, and rose 32 percent from last year. Palm oil, rapeseed oil, and soybean oil imports were up sharply, but sunflower seed oil imports dropped.
Pork imports declined as domestic pork prices fell this year to levels substantially lower than record-highs reached in 2016. Beef, lamb, and milk powder imports were up in H1 2017.
| China imports of agricultural products, January-June 2017 | ||
| Item | Imports | y-o-y change |
| 1,000 tonnes | percent | |
| Cereal grains | 13,157 | 1 |
| Wheat | 2,653 | 48.2 |
| Corn | 736 | -74.7 |
| Rice | 2,136 | 6.5 |
| Barley | 4,521 | 110 |
| Sorghum | 2,990 | -26.1 |
| Distillers grains | 342 | -77.8 |
| Cassava | 4,267 | -6.5 |
| Cotton | 769 | 24 |
| Cotton yarn | 1,732 | 9.4 |
| Sugar | 1,414 | 5.9 |
| Soybeans | 44,808 | 16.2 |
| Rapeseed | 2,635 | 32.1 |
| Palm oil | 2,181 | 16.9 |
| Rapeseed oil | 479 | 21.3 |
| Sunflower oil | 352 | -25.1 |
| Soybean oil | 361 | 92.5 |
| Pork | 662 | -13.1 |
| Pork offal | 626 | -8.0 |
| Beef | 327 | 10.6 |
| Lamb | 146 | 4.6 |
| Milk powder | 563 | 9.9 |
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